We are going to get a gold standard probably in 2016 after the world wide economic crash of 2015.
But, between the crash of late 2015 and the implementation of the gold standard, there is going to be civil disobedience on a scale never before seen in the history of man.
The preppers are going to get the thing they have feared most and have been preparing for many decades. [Read more...]
We are going to get a gold standard probably in 2016 after the world wide economic crash of 2015.
In its just released annual report, the Bank for International Settlements has issued a strong warning that ”dangerous new asset bubbles are forming“, & warned that: ”the world could be hurtling toward a new crisis.” [Read more...]
In a financial crisis, people tend to panic (hence the crisis) and want to withdraw their money. Banks bleed cash. And if they don’t have enough of it on hand, the bleeding turns into a sucking chest wound.
It’s at this point that they’ve been caught red handed swimming naked, and they need to go raise cash from somewhere, anywhere else.
So they start selling assets– loans, securities, and even shares of the bank itself.
The deputy chair of the Monetary Authority of Singapore (Lim Hng Kiang) said last night at a dinner that “an uneasy calm seems to have settled in markets” and that “we remain in uncharted waters” and informed Singapore banks to increase their capital & liquidity to prepare for financial collapse.
If a senior official presiding over one of the world’s safer banking jurisdictions wants his banks to increase their capital and liquidity, a rational person would certainly wonder– “What do these guys know about the financial system that I don’t?”
They must be expecting the mother of all busts.
The world has never been in a position like this before, where all global currencies are fiat and dependent upon central banker power. The push for a New World Order is inexorable, and make no mistake, the monied elites are fully in control, or almost so.
We maintain this is why so many in the Precious Metals community have miscalculated the timing for when gold and silver would take off to the upside, collapsing the Fed’s fiat “dollar,” or as a result thereof.
On the surface, it appears that the East is almost in control of most of the world’s supply of gold, while the West remains in control of gold’s pricing mechanism, doing whatever it takes to preserve the fiat “dollar” as the world’s reserve currency for international trade contracts. In addition to gaining control of physical gold, even setting up the Shanghai Gold Exchange, [SGE], as a more viable alternative to the literally “fixed’ pricing of paper gold by COMEX and LBMA, the East is providing an alternative trade outside of the “dollar,” and this has created a situation akin to the West as a dangerous cornered rat. [Read more...]
In this interview with Finance & Liberty’s Elijah Johnson, Greg Mannarino makes the incredible claims that the DOW may be about to collapse to 4,000, gold & silver are set to EXPLODE, & states that the US dollar is about to die, and be replaced by the Yuan as the global reserve currency.
Mannarino’s full interview on the coming complete collapse of the dollar & US market is below: [Read more...]
After six years of monetary and tax policies that could have not been better designed to destroy savings and the savings ethic, you’d think governments might have learned some sort of lesson. They are having none of it. Instead Japan is hell-bent on monetary kamikaze, and the ECB is now warming us up for negative interest rates and/or QE.
The problem is far from being understood: if anything the destruction, even confiscation of savings, and the creation of yet more money are set to accelerate in a futile attempt to buy off the inevitable.
Many decades of Keynesian-inspired economic and monetary corruption have left advanced economies with a legacy of debt and low savings. In a nutshell, that is the problem which is driving us into another financial crisis.
And bond yields are telling us to batten down the hatches for the next crisis: it could be worse than 2008.
Financial expert and best-selling author, James Rickards, thinks the “international monetary system is headed for a collapse.” . Fast forward to today. When the next collapse comes, it is going to be bigger than the last one. It’s going to be exponentially bigger. The five biggest banks were too big to fail in 2008, today they are bigger. They own a larger percentage of the total banking assets. . . . When you double or triple the scale of the system, you don’t double or triple the risk. You increase the risk by an exponent that could be 10 times or 100 times greater.”
On the Fed engineering another 2008 type bailout, Rickards claims, “The last crisis was barely enough for the Fed to contain. They have used up all their dry powder. They can’t take the balance sheet any higher. They are already insolvent. . . . The game is up.”
Rickards foresees big inflation because the U.S. dollar’s buying power will shrink. Rickards predicts, “Imagine gas at $20 a gallon and bread at $10. That’s what we’re talking about.” So, if big inflation is coming, what about gold? Rickards says, “When I say the price of gold is going to $7,000 or $9,000 per ounce, which I expect it will, what I am really saying is the dollar is going to collapse 80% or 90% or more.” It did in the 1970’s. None of this is unprecedented. It all happened before.” [Read more...]
Does anything about 2014 remind you of 2008?
For example, the increasing signs of stress in the global financial system, from periphery currencies crashing to China’s shadow banking bailouts to the constant flow of official assurances that all is well and whatever situations aren’t well are on the mend.
The long lists of visible stress in the global financial system and the almost laughably hollow assurances that there are no bubbles, everything is under control, etc. etc. etc. certainly remind me of the late-2007-early 2008 period when the subprime mortgage meltdown was already visible and officialdom from Federal Reserve chairman Alan Greenspan on down were mounting the bully pulpit at every opportunity to declare that there was no bubble in housing and the system was easily able to handle little things like defaulting mortgages.
However, the next crisis will not be a repeat of 2008 but a much less fixable and much more monumental crisis.
Banker Clean-Up: We Are At the Precipice of Something So Big, It Will Shake the Financial World to its Core!
I feel that this is one of the most important investigations I’ve ever done. If my findings are correct, each of us might soon experience a severe, if not crippling blow to our personal finances, the confiscation of any wealth some of us have been able to accumulate over our lifetimes, and the end of the financial world as we once knew it. The evidence to support my findings exists in the trail of dead bodies of financial executives across the globe and a missing Wall Street Journal Reporter who was working at the Dow Jones news room at the time of his disappearance. If the bodies were dots on a piece of paper, connecting them results in a sinister picture being drawn that involves global criminal activity in the financial world the likes of which is almost without precedent. It should serve as a warning that we are at the precipice of something so big, it will shake the financial world as we know it to its core.
Although the trail of mysterious and bizarre deaths detailed below begin in late January, 2014, there are others. Not only that, there will be more, according to sources within the financial world. Based on my findings, these are not mere random, tragic cases of suicide, but of the methodical silencing of individuals who had the ability to expose financial fraud at the highest levels, and the complicity of certain governmental agencies and individuals who are engaged in the greatest theft of wealth the world has ever seen.
We appear to be witnessing a clean-up where JPMorgan and Deutsche Bankers are at the epicenter of it all.
The financial sky is growing dark. The stock markets are experiencing volatile trade winds. The barometer of the economy grows weak as indicators point to another recession looming on the horizon.
The Fiat Monetary System and Derivative’s Monster is heading towards certain death…. it’s just a matter of time.
The Precious Metal Storm is coming… unfortunately, the public is not prepared. [Read more...]
Doug Casey joins the Prepper Recon to talk about the other side of the financial hurricane. He compares our present situation to being in the eye of the hurricane which is notorious for a false sense of calm.
Casey explains how the excessive amount of US dollars will cause the side of the hurricane to be much more destructive than what we saw in 2008.
In Doug Casey’s words: “The worst is yet to come!“
Gerald Celente joins Boom Bust to discuss the panic gripping the US regarding the downturn: ‘There’s panic on the Street‘ simply because the economy is faltering.
Gerald talks about the Fed, the US Economy and global economic trends. The US Federal Reserve has pared its QE program even before Janet Yellen took the reins- the question for Celente is what this means for the US economy?
Yields have gone down, not up. But Celente believes this will not last and that the economy is faltering. [Read more...]
Doug Casey: We Are Going to Have a Fantastic Depression, Gold/Silver More Important to Own than 1971 or 2001!
Doug Casey of CaseyResearch.com warns, “Were going into what I call ‘The Greater Depression.’ It’s going to be much more serious than what happened in the 1930′s. . . . A depression is a period of time when most people’s standard of living drops significantly.” Casey explains, “There is a gigantic amount of debt in the U.S. at all levels—governmental, corporate and individual. Debt is a sign you have been living above your means. It’s a debt bubble, and this is a major reason the government wants interest rates low. When interest rates rise, it makes it harder for people in debt to service that debt. They are simply delaying the inevitable at this point, but it is inevitable what is going to happen, and we are going to have a fantastic depression.”
On physical gold and silver, Casey says, “Gold is more important to own and perhaps a better bargain now than in 1971 or 2001, and the same is true of silver.”
Join Greg Hunter he goes One-on-One with investor Doug Casey. [Read more...]
In this interview with Finance & Liberty’s Elijah Johnson, Greg Hunter discusses:
-Germany’s top financial regulator says that precious metals manipulation is worse than the LIBOR rigging scandal
- The Federal Reserve has NO GOLD
- Those in Washington Know We Are Headed Towards ECONOMIC Crisis
– China buying up economic power from the United States?
- Current crisis is threatening our personal liberties
- Financial collapse will occur within a year, “This is a mathematical calculation that we’re headed for another financial calamity“ [Read more...]
Have you been paying attention to what has been happening in Argentina, Venezuela, Brazil, Ukraine, Turkey and China? If you are like most Americans, you have not been. Most Americans don’t seem to really care too much about what is happening in the rest of the world, but they should. In major cities all over the globe right now, there is looting, violence, shortages of basic supplies, and runs on the banks. We are not at a “global crisis” stage yet, but things are getting worse with each passing day. For a while, I have felt that 2014 would turn out to be a major “turning point” for the global economy, and so far that is exactly what it is turning out to be.
The following are 20 early warning signs that we are rapidly approaching a global economic meltdown… [Read more...]